01
May
By support
Mortgage Rates, ,

5 Key Factors That Affect Your Mortgage Rate

Many first time home buyers often wonder what factors determine their mortgage rate. Is it their credit score? Is it the type of loan chosen? Is it the size of the loan? The truth is, there are many factors at play. Mortgage interest rates are not standardized across the board, so they vary from lender to lender and from borrower to borrower. Here are 5 common factors that determine or affect your mortgage interest rate: 1.    Default Risk Risk is a key consideration when determining mortgage interest rates. Banks and other lenders are in a risky business because there is…
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30
Apr
By support
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – April 30th, 2018

Last week’s economic reports included readings from Case-Shiller Home Price Indices, new and existing home sales and weekly readings on mortgage rates and first-time jobless claims. Case-Shiller: Home Prices Rise to Near Four-Year High February home prices rose 6.30 percent year-over-year and 0.50 percent month-to-month. Home prices rose just shy of a record set in 2014. The 20-City Home Price Index reported home prices were 6.80 percent higher year-over-year and rose 0.80 percent month-to-month in February. The year-over-year reading surpassed the peak reading in 2006. Home prices accelerated in contrast to analyst expectations that they nay slow as buyers deal…
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16
Apr
By support
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – April 16th, 2018

Last week's economic reports included readings on inflation, the minutes of the most recent meeting of the Fed's Federal Open Market Committee and weekly reports on mortgage rates and first-time jobless claims. The University of Michigan released its Consumer Sentiment Index for April. Inflation Grows, Fed Indicates Future Rate Hikes Likely The minutes of the Federal Open Market Committee Meeting held March 20 and 21 indicate Fed policymakers are likely to increase the target federal funds rate at their June meeting. Economic indicators including strong labor markets and low unemployment rate were cited as contributing to expectations for federal rate hikes…
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02
Apr
By support
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – April 2nd, 2018

Last week's economic releases included readings from Case-Shiller, pending home sales, and consumer sentiment. Weekly reports on mortgage rates and first-time jobless claims were also released.     Case-Schiller: Home Prices Continue to Rise According to Case-Shiller Home Price Index reports for January, U.S. home prices continued to rise at a rapid pace with the national home price index rising at a seasonally-adjusted annual rate of 6.20 percent. Case-Shiller's 20-City Home Price Index rose by 6.40 percent year-over-year. Seattle, Washington held the top spot with year-over-year home price growth of 12.90 percent. Las Vegas, Nevada reported year-over-year home price growth of…
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05
Jun
By support
Mortgage Rates

What’s Ahead For Mortgage Rates This Week – June 5, 2017

Last week's economic releases included readings on inflation, core inflation pending home sales and multiple reports from the labor sector. Weekly readings on mortgage rates and new jobless claims were also released. Pending home sales were lower and weekly jobless claims rose, which illustrates continued volatility in the economic sector. Inflation rose 0.40 percent in April, which matched projections and exceeded April's reading of 0.30 percent. Core inflation, which excludes volatile food and energy sectors, grew by 0.20 percent and exceeded expectations of 0.10 percent growth based on a negative reading of -0.20 percent in March. The Federal Reserve has…
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